How Are You Handling The Stock Market Drop?
 

Are you selling, buying, or hunkered down and just riding it out?

I'll start it...I bought all that I could spare the cash for.

I hope my timing is fairly accurate. Last time I got in on the very lowest day. WooHoo!

I'm handling it the same way I've handled every bear and bull market...by not having any money to invest.

no money to invest but my 401K is down 37+ percent.

crap

Beef, you will visited in the future by the Dollar Cost Averaging Fairy. She's not as pretty as the You Won The Lottery Fairy, but she's dependable...

Yeah my 401 K is down, but I don't concern myself with that. Its going to be at least 30 years before I collect any money from it anyway. Pleanty of time to recover.

-Jay

i have the same attitude as before the recent decline. that is continue on buying company stock via payroll deduction as it is relatively safe(food); and maintain 401k contributions tho it is down.

the only exception would be that i've lowered my portion of the 401k down to 1%(from 6). that is more related to work being a bit slow than to low Dow Jones confidence. i need $ NOW to makes ends meet.

with the new year around the corner, i'm considering cutting supplimental insurance to further cuts.

very good thread starter!

I understand the need to make ends meet now, but I'd also like to add that now is the perfect time to increase contributions to a 401K. Think of the shares of the funds you're buying into as being "on sale"

-Jay

Fortunately, my company's 401k allows a large selection of funds from which to choose. I don't have to buy just one company. That really helps.

I saw this coming last year and changed things to give better performance on the downturn. All my 401k picks are still in the black, though there were a couple that were better performers.

I'm sad that it had to come to this. Congress really screwed the pooch on this one. I hope they don't get away with making everybody think it was just the Wall Street guys' fault.

Jay,

your point is well taken, but we've already made cuts and i was pulling $ from savings to cover bills. a single income for 5 people calls for extreme decisions at times.

if and when consumer confidence returns resulting in work returning to good growth in sales, i will at that time increase my 401k%. besides, we're focused on increasing savings at this time.

maybe we should revisit hypermiling at home to refresh and share ideas.

Boortz brought up a good point today concerning that and the economy. he said some are sooooo misinformed that they are going to vote for change based on blaming a political party for perceived economic woes.